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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (55879)11/21/2008 8:14:42 AM
From: lorne  Read Replies (1) | Respond to of 224680
 
Robert..Not to worry...The three amigos will fix this...pelosi, reid, obama...thats in the order of importance.

Unsold cars pile up at the Port
By Kristopher Hanson, Staff Writer
11/19/2008
dailybreeze.com

LONG BEACH - The nation's deepening economic crisis is causing a backlog of imported cars in the nation's largest seaport, providing a vivid glimpse of the economic malaise plaguing America.

Scrambling for open space to store vehicles Americans haven't been buying, carmakers Nissan, Toyota and Mercedes have signed deals to lease open space at the Port of Long Beach, where trade volumes this year are experiencing their deepest decline in two decades.

"The car situation is a reflection of the economy," said Port of Long Beach spokesman Art Wong. "First it was fewer toys and shoes and iPods, and now nobody's buying cars. Who knows where it's going to end."

To accommodate the overflow, port authorities have opened up land on Pier S north of the Gerald Desmond Bridge for several thousand cars, trucks and SUVs - giving automakers a temporary respite while they cut back on production and shipments.

Automakers could not be reached for comment Wednesday, but Southern California economist Jack Kyser said the backlog is a sign of trouble for the regional car market, which went into the doldrums this year.

Consumers, he said, just aren't buying.

"You've got ongoing announcements of layoffs and financing is also hard to come by, so people aren't going to be making any major purchases," said Kyser, chief economist for the Los Angeles County Economic Development Corporation. "Unless they absolutely have to buy a new car, they're
not."

And it's not only car manufacturers hurting. Port officials in Long Beach and Los Angeles - which together handle 45percent of the nation's seaborne trade - report a 10percent drop in overall volume this calendar year, following a 2007 trade year in which volumes were virtually flat.

The decline is driven by a steep drop in containerized imports, which are down more than 12 percent this year in Long Beach-Los Angeles, the nation's largest international trade gateway.

The previous year-over-year decline was in 2001, when container counts dropped 3 percent.

Even exporters, who enjoyed unprecedented double-digit growth in recent years due to strong overseas demand and a weak U.S. dollar, are facing steep year-

over-year declines.

Exports falling

Exports, which had been one of the few strong points in the economy, began faltering this summer, and by September were diving into negative territory.

The bulk of exports shipped out of Long Beach and Los Angeles are raw materials used by manufacturers in Asia and used for energy and to produce goods like toys, computers, clothing and furniture.

With overseas factories now slowing or idling, demand for raw materials has nose-dived.

"It's been really abrupt," Wong said. "We had double-digit growth in exports for more than two years solid, and then suddenly we're seeing 8, 10 percent declines."

Data compiled by the Port of Long Beach shows exports dropping 4 percent in September and down 8.5 percent in October, when compared to the same time last year.

The Port of Los Angeles reports similar declines.

Before that, exports out of L.A.-L.B. had been growing between 15 and 30 percent annually since 2005.

And trends reflected here are being felt nationally, where trade at the nation's largest seaports - including New York, Oakland and Houston - is expected to drop nearly 7.5 percent this year.

Demand down

The drop is caused primarily by weak demand in the United States, where consumers are tightening their belts in the wake of rising unemployment and an unprecedented meltdown of the country's financial markets.

Retailers, meanwhile, are maintaining a tight inventory for the holiday season, which they predict will be one of the worst in recent decades.

"Retail sales forecasts this year are the lowest they've been in more than half a decade, and the cargo volume we're seeing reflects those numbers," said Jonathan Gold of the National Retail Federation, which represents many of the nation's largest retailers.

"The balancing act between supply and demand is tougher than ever because retailers want to make sure they have enough merchandise on the shelves to satisfy customers and not be forced into unplanned markdowns to move excess inventory once the holidays are over."



To: FJB who wrote (55879)11/21/2008 10:56:04 AM
From: Ann Corrigan2 Recommendations  Respond to of 224680
 
Another lefty loon: shouted 'tyrant' at AG Mukasey prior to his collapse. Columnist Kathryn Lopez was an eyewitness:

By Michelle Malkin • November 20, 2008

Whoa. Attorney General Michael Mukasey collapsed while giving a speech at the Federalist Society meeting in Washington tonight, according to AP and Politico. Apparently, he was still receiving medical treatment on stage at the event as of 15 minutes ago — 10:30pm Eastern.

More AP:

Attorney General Michael Mukasey collapsed during a speech Thursday night and was being taken to a hospital. Associate Attorney General Kevin O’Connor said Mukasey began shaking while addressing the Federalist Society at a Washington hotel. “He just started shaking and he collapsed,” O’Connor said. “They’re very concerned.” O’Connor said he did not know whether Mukasey, 67, had regained consciousness.”
Phillip Klein at AmSpec (via Stacy McCain) reports that Mukasey slurred his words before collapsing and was carried out on a stretcher — suggesting a possible stroke.

More from Kathryn Lopez, who was in attendance at Mukasey’s speech: “Attorney General Michael Mukasey collapsed a few feet away from me while delivering a speech to the Federalist Society tonight.” A heckler called Mukasey a “tyrant” during his remarks and rattled the AG, Lopez writes.

For shame.

***

The text of his prepared remarks for delivery can be found here. He was reportedly 20 minutes into the speech when he fell ill. An excerpt:

I want to turn to another subject, which I have taken from Day One to be my most solemn responsibility as Attorney General. That is ensuring that we put into place the institutions we need to keep our country safe from the continuing threat posed by Al Qaeda and other international terrorists.

On September 11th, 2001, nineteen terrorists inflicted the most catastrophic attack on our homeland since Pearl Harbor. What made that attack so devastating was not simply the toll inflicted upon our country, but the idea that nineteen lightly armed terrorists could murder nearly 3,000 Americans. The reality of such asymmetric warfare required us to dramatically reconsider how we should confront the threat of international terrorism.

When the terrorists attacked the World Trade Center in 1993, when Al Qaeda attacked the U.S.S. Cole in Yemen and our embassies in Kenya and Tanzania, the United States deployed the FBI to the scene to collect evidence, pursue leads and; ultimately, indict and prosecute at least some of those responsible.

Following the September 11th attacks, however, it no longer seemed prudent to treat international terrorism solely as a criminal matter where suspects are pursued and prosecuted only after they have perpetrated a crime. Indeed, at the time of the September 11th attacks, Osama bin Laden was already under criminal indictment for his role in the embassy bombings. Instead, the United States recognized the attack of September 11th to be what it was: an act of war — a war that had been declared years earlier by enemies of the United States, and indeed of civilized people everywhere. In response, this Nation, under our President, committed to a comprehensive offensive strategy against the terrorists abroad using every resource at our disposal — military, intelligence, financial and law enforcement.

The U.S. military deployed to Afghanistan where Al Qaeda had found a safe haven within the confines of the brutal and inhumane regime of the Taliban. When our forces, or those of allies, captured members of the enemy, we detained them so that they could not simply return to the battlefield and, where we thought it appropriate, transferred them for detention to the U.S. naval station at Guantanamo Bay.

At home, the Administration sought to reorganize and modernize our government to reflect the new priorities of the War on Terror. We brought domestic security agencies, which historically had been scattered throughout the Executive Branch, under the umbrella of a Department of Homeland Security, and we established a Director of National Intelligence to ensure that our intelligence agencies would work together in tracking terrorist threats and preventing new attacks.

Within the Department of Justice, the FBI made preventing terrorism its top priority and restructured its resources accordingly. Since September 11th, the FBI has transformed itself into a world-class intelligence agency, designed to detect and prevent attacks before they occur, rather than simply investigating them afterwards. The FBI has doubled the number of intelligence analysts and translators in its ranks, and opened 16 new offices overseas, including in Kabul and Baghdad. We created the FBI’s new National Security Branch to bring together divisions responsible for counterterrorism and intelligence and counterespionage, and we made similar institutional reforms in establishing the National Security Division at the Department of Justice.

The Administration worked with Congress in reorganizing our government and with passing new laws to promote the collection and dissemination of critically important intelligence. Shortly after September 11th, Congress passed the Patriot Act to ensure that analysts and investigators could access the information they needed to protect our Nation, work together to “connect the dots,” and pursue a strategy of prevention. And this year, Congress did the same for our intelligence professionals, passing bi-partisan legislation that modernizes the Foreign Intelligence Surveillance Act to allow the intelligence community to quickly and effectively monitor terrorists’ communications while ensuring respect for our civil liberties.

Taken together, the Administration’s policies in the War on Terror represent nothing less than a fundamental reorganization of our government and will ensure that the next President has the tools he needs to continue to defend the country.

The Administration’s strategy in defending the Nation from terrorist threats has not only been comprehensive, but has also been successful based on what matters the most: Since September 11th, Al Qaeda has not managed to launch a single act of terrorism in the United States. This is a remarkable achievement that no one could have predicted in the days following the September 11th attacks. The credit for that goes to many people, including many brave men and women in our armed forces, and many brave men and women in law enforcement and intelligence services, who put their lives at risk routinely in parts of the world most Americans, to their great comfort, will never encounter. Much of that credit also goes to the President; in this area, as in many others, leadership and resolve matter.

As the end of this Administration draws near, you would expect to hear broad praise for this success at keeping our Nation safe. Instead, I am afraid what we hear is a chorus with a rather more dissonant refrain. Instead of appreciation, or even a fair appraisal, of the Administration’s accomplishments, we have heard relentless criticism of the very policies that have helped keep us safe. We have seen this in the media, we have seen this in the Congress, and we have heard it from the legal academy as well.

In some measure, those criticisms rest on a very dangerous form of amnesia that views the success of our counterterrorism efforts as something that undermines the justification for continuing them. In an odd way, we have become victims of our own success. In the eyes of these critics, if Al Qaeda has not struck our homeland for seven years, then perhaps it never posed much of a threat after all and we didn’t need these counterterrorism policies.
***

Update 9:45am Eastern 11/21: Andy McCarthy writes that Mukasey is doing better this morning and shares his insights.

Find links at michellemalkin.com